VIZAG SEAPORT PRIVATE LIMITED (VSPL)
   TWO MULTIPURPOSE BERTHS AT VISAKHAPATNAM PORT PROJECT

The VSPL project involved developing, constructing, operating and managing two multipurpose berths at Visakhapatnam Port, on a BOT basis. VSPL has developed the berths and terminal as a fully mechanized integrated handling system incorporating state of the art technologies comparable to international standards, capable of handling cargo up to 9 Million Tons per Annum (MTPA).

The Client for the project is Visakhapatnam Port Trust (VPT).

The Partners in the SPV are Gammon and Portia Management Services Limited, UK, an international Port Operator that is a subsidiary of Mersey Docks and Harbour Company (UK).

VSPL started commercial operations at one berth (EQ-8) in July 2004, and at the second berth (EQ-9) in September 2005.

The licence period for this project is 30 years.

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